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Linn Energy, Inc. was a hydrocarbon exploration company based in Houston. In 2018, the company split into Roan Resources and Riviera Resources. As of December 31, 2017, the company had 1.968 trillion cubic feet equivalent of estimated proved reserves, of which 8% were petroleum, 70% were natural gas, and 22% were natural gas liquids. [1]
11 Μαΐ 2016 · In other oil and gas news, Linn Energy LLC (LINE) has filed for Chapter 11 bankruptcy. The Houston-based company cited weak energy prices as a reason for having to seek protection. Linn Energy had been set up as a high-yield energy investment vehicle.
14 Απρ 2021 · The Securities and Exchange Commission today charged seven individuals, including criminal recidivist Richard Dale Sterritt, Jr., with defrauding investors through a multimillion dollar oil-and-gas offering fraud and related market manipulation scheme.
16 Μαρ 2016 · Large acquisitions like the one made for Berry Petroleum left the company with a weak balance sheet, which has put the company in a position where bankruptcy may be “unavoidable,” for Linn,...
25 Νοε 2013 · From Linn's perspective, it's impossible for them to pay "too much" for an acquisition. For them, it's only a paper transaction. The true cost will come 'down the road'.
12 Μαΐ 2016 · Linn Energy’s high leverage. Until the beginning of the rout in energy prices, Linn Energy (LINE) borrowed heavily to fund its organic projects and acquisitions. The internally generated...
1 Φεβ 2015 · The only way one should claim Linn Energy is a ponzi scheme (or even ponzi like) is if the author can make a convincing case that instead of actually buying producing properties using the money...
